Reports show that a specific anonymous Bitcoin (BTC) whale has moved a significant number of coins mined in 2010 worth over a billion dollars. The report noted that every time this whale spends its coins, most of which have not moved in the past decade, the entity spends exactly 20 blocks of rewards or 1,000 […]
According to a new report from Finder Cryptocurrency Adoption Index, in October, Nigeria topped the rankings of highest cryptocurrency ownership globally, at 24.2%. In addition to having the highest proportion of crypto ownership by citizens globally, the report also revealed that “of the 1 in 4 online adults in Nigeria who own some form of […]
Following another failure to reclaim the $63,000 mark last Friday, Bitcoin (BTC) has fallen into a downward spiral towards the $60,000 psychological level. That said, most altcoins have also suffered a similar fate over the last 48 hours, with several recording double-digit declines. The benchmark cryptocurrency had a roller-coaster-like activity this week after it sharply […]
El Salvador President Nayib Bukele has taken advantage of the recent Bitcoin (BTC) dip again, as he purchases more coins amid an intense selloff. President Bukele announced via Twitter that he bought 420 more BTC, a meme number associated with the marijuana community, another humorous gesture. While the Bukele did not publish TXID, the President […]
According to its recent quarterly report filing with the US Securities and Exchange Commission, Tesla could start accepting Bitcoin (BTC) as payment for its vehicles again. The behemoth electric vehicle manufacturer revealed in its Q3 filing that as of September 30, the company purchased a total of $1.5 billion BTC worth. Until March, Tesla accepted […]
JP Morgan Chase analysts, led by Nikolaos Panigirtzoglou, published a research work detailing the reason behind the recent Bitcoin (BTC) boom. The research explained that the hype surrounding the first-ever approved Bitcoin futures ETF in the US is not responsible for the rally, instead inflation is driving BTC to record highs. ProShares Bitcoin Strategy ETF, […]
Bitcoin (BTC) has had a ridiculously bullish session this week as it made history with its first US SEC-approved futures Exchange-Traded Fund (EFT). ProShares Bitcoin Strategy ETF (BITO) launched on Tuesday amid volcanic fanfare and record-breaking ETFs volume. Yesterday, BTC recorded a new all-time high at $67,000 due to the excitement from the news. As […]
CEO of Microstrategy Michael Saylor has advised Nigeria and Zimbabwe to issue currencies backed by Bitcoin (BTC) to help them address economic challenges. Speaking in a video, where he also addressed claims that the Bitcoin network was too big to scale, Saylor suggested to the African nations to purchase $2 – 3 billion worth of […]
It appears that the US States Securities and Exchange Commission (SEC) could approve its first Bitcoin (BTC) Exchange-Traded Fund (ETF) soon, after years of turning down numerous ETF proposals. The company that filed for its Bitcoin Strategy ETF, ProShares, could become the first company to receive the BTC ETF greenlight from the SEC next week. […]
